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Jonesborough, TN - GPM Investments, LLC

$3,156,000

101 E. Jackson Boulevard, Jonesborough, TN 37659

Active
Last Updated: 10/23/2024

6

Cap Rate

189,345

NOI

Details:
Cap Rate:    6%
NOI:    $189,345
Building Size:    5,060 sqft
Lot Area:    0.59 acres
Occupancy:    100%
Year Built:    2010
Description:

• The lease features a corporate guaranty by GPM Investments, a reputable brand with 3,200+ units nationwide and S&P B+ credit score
• 13+ years of lease term remaining on the original 15-year base term
• 10% rental increases every five years

• The asset is situated off East Jackson Boulevard with traffic counts that exceed 28,700 vehicles per day on average
• The subject property is positioned between two grocery-anchored retail corridors, effectively driving consumer activity
• National credit tenants in the immediate trade area include; Hardee’s, McDonalds, Advanced Auto Parts, Burger King, Tractor Supply and more
• Strong tenant synergy promotes crossover shopping to the subject property

Map:
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